0117 GMT - Seek doesn't offer a compelling investment proposition to Jefferies analyst Roger Samuel at its current valuation despite a continuing status as the go-to platform for Australian job listings. Samuel writes in a note that he remains cautious despite a slowdown in the rate of job-ad declines on the platform, pointing out that this comes against an easier year-earlier comparable period. Low unemployment rates and heightened macro uncertainty means he sees limited upside to volumes in the near term. Jefferies cuts its target price 12% to A$21.70 and keeps a hold rating on the stock, which is down 6.1% at A$19.13. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
April 06, 2025 21:17 ET (01:17 GMT)
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